BST-MCQ-03

Since more number of people have become more beauty and health conscious, our economy has witnessed an unprecedented surge in the number of health and beauty spas and wellness clinics. Related feature of business environment being described in the above lines is

• totality of external forces

• dynamic nature

• interrelatedness

• relativity

Which of the following is a feature of demonetisation?

• tax administrative measure

• Channelising savings into the formal financial system

• Development of less-cash economy

• all of the above

The Government of India launched “Make in India” initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI inflow in India increased by 48% since the launch of “Make in India” initiative.
Identify the concept being described in the above lines, with regard to inflow of FDI.

• demonetisation

• liberalisation

• privatisation

• globalisation

Which of the following is not a component of specific forces of business environment?

• technological conditions

• customers

• employees

• investors

Which of the following is not a part of the business environment of business?

• customer

• supplier

• competitors

• none of the above

The growing awareness about healthcare has led to an increase in the demand for healthcare products and services in the country. Identify the feature of business environment being described in the above case.

• dynamic nature

• uncertainity

• relativity

• interrelatedness

Any kind of external devices, like compact discs (CD’s) for computer, have become obsolete. Google, with its Google Drive service, Apple with its iCloud offering, enables the users store documents, photos, music and movies on web-based servers. Identify the feature of business environment being described in the above lines.

• relativity

• dynamic

• interrelatedness

• uncertainainity

According to the United Nations Environmental Agency, the world produces around 300 million tons of plastic each year, half of which constitutes single-use items. Ford is recycling over one billion plastic bottles every year to develop elements of the car’s interior, reducing the amount of plastic ending up in a landfill. The American car maker has revealed that their Romanian-built EcoSport SUVs’ carpets are made using 470 recycled single-use plastic bottles. The process for making Ford EcoSport carpets involves shredding bottles and their caps into tiny flakes and then heating them to 260° C. Identify the related dimension of business environment.

• economical dimension

• social dimension

• political dimension

• technological dimension

The Union Cabinet has given ‘in-principle’ nod to divest stakes in Air India — a wholly government owned airline. This means the government is willing to shed a substantial portion of its stake and hand over the management of the ailing airline to the private sector. Identify the concept being described in the above lines.

• liberalisation

• privatisation

• globalisation

• demonetisation

Twinkle Stars’ is a well-known resort for organising parties, especially for children. However, in past 6 months its popularity has reduced considerably as a new resort with better ambience and facilities has opened within its vicinity. Name the related feature of business environment which has influenced the business of ‘Twinkle Stars’ adversely.

• Totality of external forces

• Dynamic nature

• Interrelatedness

• Uncertainty